Announcement • Jun 30
Soho Holly Corporation to Report First Half, 2026 Results on Aug 31, 2026 Soho Holly Corporation announced that they will report first half, 2026 results on Aug 31, 2026 Declared Dividend • Jun 24
Dividend increased to CN¥0.14 Dividend of CN¥0.14 is 45% higher than last year. Ex-date: 26th June 2026 Payment date: 26th June 2026 Dividend yield will be 1.8%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jun 08
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to CN¥8.70. The fair value is estimated to be CN¥11.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 14%. Announcement • Apr 29
Soho Holly Corporation, Annual General Meeting, May 28, 2026 Soho Holly Corporation, Annual General Meeting, May 28, 2026, at 14:00 China Standard Time. Location: 12F, No. 50, Zhonghua Road, Nanjing, Jiangsu China New Risk • Apr 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 50% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Apr 08
Full year 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.14 in FY 2024) Full year 2025 results: EPS: CN¥0.20 (up from CN¥0.14 in FY 2024). Revenue: CN¥7.73b (up 8.0% from FY 2024). Net income: CN¥48.3m (up 45% from FY 2024). Profit margin: 0.6% (up from 0.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. Announcement • Mar 30
Soho Holly Corporation to Report Q1, 2026 Results on Apr 29, 2026 Soho Holly Corporation announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 26
Soho Holly Corporation to Report Fiscal Year 2025 Results on Apr 08, 2026 Soho Holly Corporation announced that they will report fiscal year 2025 results on Apr 08, 2026 Board Change • Nov 08
High number of new directors Supervisor Jingwen Li was the last director to join the board, commencing their role in 2024. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.095 (vs CN¥0.069 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.095 (up from CN¥0.069 in 3Q 2024). Revenue: CN¥2.07b (up 11% from 3Q 2024). Net income: CN¥23.4m (up 38% from 3Q 2024). Profit margin: 1.1% (up from 0.9% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Soho Holly Corporation to Report Q3, 2025 Results on Oct 31, 2025 Soho Holly Corporation announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Soho Holly Corporation to Report First Half, 2025 Results on Aug 30, 2025 Soho Holly Corporation announced that they will report first half, 2025 results on Aug 30, 2025 New Risk • Jun 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 6.2% per year over the past 5 years. High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.3% average weekly change). Reported Earnings • May 03
Full year 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.13 in FY 2023) Full year 2024 results: EPS: CN¥0.14 (up from CN¥0.13 in FY 2023). Revenue: CN¥7.16b (up 6.6% from FY 2023). Net income: CN¥33.4m (up 2.4% from FY 2023). Profit margin: 0.5% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 29
Soho Holly Corporation, Annual General Meeting, May 28, 2025 Soho Holly Corporation, Annual General Meeting, May 28, 2025, at 14:00 China Standard Time. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥10.21, the stock trades at a trailing P/E ratio of 52.5x. Average trailing P/E is 37x in the Retail Distributors industry in China. Total returns to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.01, the stock trades at a trailing P/E ratio of 56.7x. Average trailing P/E is 39x in the Retail Distributors industry in China. Total returns to shareholders of 25% over the past three years. Announcement • Mar 28
Soho Holly Corporation to Report Q1, 2025 Results on Apr 29, 2025 Soho Holly Corporation announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥8.98, the stock trades at a trailing P/E ratio of 46.2x. Average trailing P/E is 27x in the Retail Distributors industry in China. Total returns to shareholders of 27% over the past three years. New Risk • Jan 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥9.56, the stock trades at a trailing P/E ratio of 49.2x. Average trailing P/E is 26x in the Retail Distributors industry in China. Total returns to shareholders of 22% over the past three years. Announcement • Dec 27
Soho Holly Corporation to Report Fiscal Year 2024 Results on Apr 29, 2025 Soho Holly Corporation announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.069 (vs CN¥0.03 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.069 (up from CN¥0.03 in 3Q 2023). Revenue: CN¥1.87b (up 8.7% from 3Q 2023). Net income: CN¥16.9m (up 129% from 3Q 2023). Profit margin: 0.9% (up from 0.4% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 9% per year. Announcement • Sep 30
Soho Holly Corporation to Report Q3, 2024 Results on Oct 30, 2024 Soho Holly Corporation announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥7.93, the stock trades at a trailing P/E ratio of 50.9x. Average trailing P/E is 34x in the Retail Distributors industry in China. Total returns to shareholders of 23% over the past three years. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.067 (vs CN¥0.033 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.067 (up from CN¥0.033 in 2Q 2023). Revenue: CN¥1.87b (up 29% from 2Q 2023). Net income: CN¥16.5m (up 105% from 2Q 2023). Profit margin: 0.9% (up from 0.6% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 22
Second quarter 2024 earnings released: EPS: CN¥0.064 (vs CN¥0.033 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.064 (up from CN¥0.033 in 2Q 2023). Revenue: CN¥1.87b (up 29% from 2Q 2023). Net income: CN¥15.8m (up 96% from 2Q 2023). Profit margin: 0.8% (up from 0.6% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 21
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 26th July 2024 Payment date: 26th July 2024 Dividend yield will be 1.7%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
Soho Holly Corporation to Report First Half, 2024 Results on Aug 27, 2024 Soho Holly Corporation announced that they will report first half, 2024 results on Aug 27, 2024 Announcement • Jun 08
Soho Holly Corporation, Annual General Meeting, Jun 27, 2024 Soho Holly Corporation, Annual General Meeting, Jun 27, 2024, at 14:00 China Standard Time. Location: 12F, No. 50, Zhonghua Road, Nanjing, Jiangsu China Board Change • Jun 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Qiao Gen Feng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 24
Full year 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.16 in FY 2022) Full year 2023 results: EPS: CN¥0.13 (down from CN¥0.16 in FY 2022). Revenue: CN¥6.72b (up 9.0% from FY 2022). Net income: CN¥32.6m (down 15% from FY 2022). Profit margin: 0.5% (down from 0.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥6.87, the stock trades at a trailing P/E ratio of 46.2x. Average trailing P/E is 22x in the Retail Distributors industry in China. Total returns to shareholders of 9.6% over the past three years. Announcement • Mar 29
Soho Holly Corporation to Report Q1, 2024 Results on Apr 30, 2024 Soho Holly Corporation announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥7.27, the stock trades at a trailing P/E ratio of 48.9x. Average trailing P/E is 23x in the Retail Distributors industry in China. Total returns to shareholders of 35% over the past three years. Announcement • Dec 30
Soho Holly Corporation to Report Fiscal Year 2023 Results on Apr 23, 2024 Soho Holly Corporation announced that they will report fiscal year 2023 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥9.97, the stock trades at a trailing P/E ratio of 67x. Average trailing P/E is 27x in the Retail Distributors industry in China. Total returns to shareholders of 64% over the past three years. New Risk • Dec 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (138% cash payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥11.00, the stock trades at a trailing P/E ratio of 74x. Average trailing P/E is 28x in the Retail Distributors industry in China. Total returns to shareholders of 60% over the past three years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.015 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.03 (up from CN¥0.015 in 3Q 2022). Revenue: CN¥1.72b (up 11% from 3Q 2022). Net income: CN¥7.40m (up 100% from 3Q 2022). Profit margin: 0.4% (up from 0.2% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Sep 30
Soho Holly Corporation to Report Q3, 2023 Results on Oct 31, 2023 Soho Holly Corporation announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.033 (vs CN¥0.062 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.033 (down from CN¥0.062 in 2Q 2022). Revenue: CN¥1.45b (down 5.9% from 2Q 2022). Net income: CN¥8.06m (down 47% from 2Q 2022). Profit margin: 0.6% (down from 1.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jun 28
Jiangsu Holly Corporation to Report First Half, 2023 Results on Aug 30, 2023 Jiangsu Holly Corporation announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in FY 2021) Full year 2022 results: EPS: CN¥0.16 (up from CN¥0.14 in FY 2021). Revenue: CN¥6.16b (up 16% from FY 2021). Net income: CN¥38.5m (up 16% from FY 2021). Profit margin: 0.6% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥9.34, the stock trades at a trailing P/E ratio of 55.1x. Average trailing P/E is 21x in the Retail Distributors industry in China. Total returns to shareholders of 22% over the past three years. Announcement • Dec 28
Jiangsu Soho Textile Group Co., Ltd completed the acquisition of 60% stake in Jiangsu Hongye Yongwei International Trade Co., Ltd. from Jiangsu Holly Corporation (SHSE:600128) Jiangsu Soho Textile Group Co., Ltd entered into an agreement to acquire 60% stake in Jiangsu Hongye Yongwei International Trade Co., Ltd. from Jiangsu Holly Corporation (SHSE:600128) for CNY 12 million on December 26, 2022. The consideration will be paid in cash. Jiangsu Holly acquired 4.8 million shares of target company. The board of directors of Jiangsu Holly approved the transaction. The other shareholders of Jiangsu Hongye Yongwei International agreed to waive the right of first refusal. As of June 30, 2022, Hongye Yongwei has total assets of CNY 62.72 million and net assets of CNY 11.93 million.Jiangsu Soho Textile Group Co., Ltd completed the acquisition of 60% stake in Jiangsu Hongye Yongwei International Trade Co., Ltd. from Jiangsu Holly Corporation (SHSE:600128) on December 27, 2022. Board Change • Nov 16
High number of new directors Independent Director Qiao Gen Feng was the last director to join the board, commencing their role in 2021. Reported Earnings • Oct 29
Third quarter 2022 earnings released Third quarter 2022 results: EPS: CN¥0.015. Net income: CN¥3.71m (up CN¥3.71m from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.016 (vs CN¥0.023 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.016 (down from CN¥0.023 in 1Q 2021). Revenue: CN¥1.19b (up 25% from 1Q 2021). Net income: CN¥3.97m (down 31% from 1Q 2021). Profit margin: 0.3% (down from 0.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent director Wen Bing Bao was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 17
Full year 2021 earnings released: EPS: CN¥0.14 (vs CN¥0.13 in FY 2020) Full year 2021 results: EPS: CN¥0.14 (up from CN¥0.13 in FY 2020). Revenue: CN¥5.32b (up 20% from FY 2020). Net income: CN¥33.2m (up 3.5% from FY 2020). Profit margin: 0.6% (down from 0.7% in FY 2020). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.029 (vs CN¥0.038 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥1.36b (up 13% from 3Q 2020). Net income: CN¥7.22m (down 23% from 3Q 2020). Profit margin: 0.5% (down from 0.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 14
Second quarter 2021 earnings released: EPS CN¥0.029 (vs CN¥0.088 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥1.23b (up 30% from 2Q 2020). Net income: CN¥7.09m (down 68% from 2Q 2020). Profit margin: 0.6% (down from 2.3% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 02
Full year 2020 earnings released: EPS CN¥0.13 (vs CN¥0.14 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥4.42b (up 2.9% from FY 2019). Net income: CN¥32.1m (down 9.3% from FY 2019). Profit margin: 0.7% (down from 0.8% in FY 2019). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥7.34, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 19x in the Retail Distributors industry in China. Total loss to shareholders of 18% over the past three years. Is New 90 Day High Low • Feb 08
New 90-day low: CN¥5.55 The company is down 24% from its price of CN¥7.26 on 10 November 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is down 13% over the same period. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥6.51, the stock is trading at a trailing P/E ratio of 21.1x, up from the previous P/E ratio of 18.1x. This compares to an average P/E of 19x in the Retail Distributors industry in China. Total return to shareholders over the past three years is a loss of 33%. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥5.60 The company is down 19% from its price of CN¥6.94 on 15 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is down 8.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥6.33 The company is down 4.0% from its price of CN¥6.60 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Retail Distributors industry, which is down 8.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥76.3m, with earnings increasing by CN¥113.9m from the prior year. Total revenue was CN¥4.27b over the last 12 months, up 8.8% from the prior year. Announcement • Oct 28
Jiangsu Holly Corporation to Report Q3, 2020 Results on Oct 31, 2020 Jiangsu Holly Corporation announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Sep 25
New 90-day low: CN¥6.60 The company is down 3.0% from its price of CN¥6.78 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 16% over the same period. Announcement • Jul 18
Jiangsu Holly Corporation to Report First Half, 2020 Results on Aug 31, 2020 Jiangsu Holly Corporation announced that they will report first half, 2020 results on Aug 31, 2020